CISO Global Inc

For the period ended Sep 30, 2024. Filed Nov 18, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2024 · Filed Nov 18, 2024

CISO$0.17-4.3%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Cash Flows

September 30, 2024 · September 30, 2023
Cash flows from operating activities:
Net loss		$(18,723,961)		$(69,677,615)
Adjustments to reconcile net loss to net cash used in operating activities:
Stock based compensation - stock options		6,904,141		9,190,027
Stock based compensation - common stock		57,900		733,500
Depreciation and amortization		1,949,506		2,411,989
Right of use amortization		179,124		165,291
Other		391,497		93,199
Impairment of intangible assets		-		3,116,039
Impairment of goodwill		-		41,038,172
Loss on assets held for sale		3,189,232		-
Gain on sale of vCISO		(1,000,000)		-
Changes in operating assets and liabilities:
Accounts receivable, net		2,367,571		1,689,837
Inventory		161,586		(66,296)
Contract assets		(25,355)		67,440
Prepaids and other current assets		166,631		(232,829)
Accounts payable and accrued expenses		667,381		4,650,420
Lease liability		(163,720)		(307,816)
Deferred revenue		295,741		424,144
Net cash used in operating activities		(3,582,726)		(6,704,498)
Cash flows from investing activities:
Cash acquired in acquisitions, net		-		30,430
Cash received from sale of vCISO		1,000,000		-
Purchases of property and equipment		(83,095)		(166,278)
Net cash provided by/(used in) investing activities		916,905		(135,848)
Cash flows from financing activities:
Proceeds from sale of common stock		154,947		6,682,198
Proceeds from stock option exercise		-		491,853
Proceeds from loan payable		4,273,823		4,448,641
Proceeds from convertible notes payable, related party		-		5,000,000
Proceeds from convertible note payable		-		1,050,000
Proceeds from lines of credit		2,564,589		173,477
Payment on lines of credit		(466,555)		(174,547)
Payment on loans payable		(4,277,125)		(9,206,420)
Payment of convertible note payable		-		(2,550,000)
Payment of debt issuance cost		(144,000)		(137,500)
Net cash provided by financing activities		2,105,679		5,777,702
Effect of exchange rates on cash and cash equivalents		(59,214)		(39)
Net decrease in cash and cash equivalents		(619,356)		(1,062,683)
Cash and cash equivalents - beginning of the period		1,062,442		1,833,163
Cash and cash equivalents - end of the period		$443,086		$770,480
Reconciliation of cash and cash equivalents to the condensed consolidated financial statements
Cash from continuing operations		$241,643		$1,404,075
Cash from discontinued operations		820,799		429,088
Total cash and cash equivalents, beginning of period		$1,062,442		$1,833,163
Cash from continuing operations		$443,086		$588,504
Cash from discontinued operations		-		181,976
Total cash and cash equivalents, end of period		$443,086		$770,480
Supplemental cash flow information:
Cash paid for:
Interest		$1,780,035		$2,904,020
Income taxes	$	-	$	-
Supplemental disclosure of non-cash transactions:
Operating lease assets obtained in exchange for operating lease obligations	$	-		$733,782
Common stock issued in SB Cyber acquisition	$	-		$99,000
Common stock issued as a lending discount		$122,000	$	-

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.